Tax Planning
« Previous EntriesThe IRS Knows What Happens In Vegas
Thursday, February 7th, 2008As a blogger, I get lots of article submissions and press releases sent to me on a daily basis. Normally, I ignore them but I thought this one was worth sharing. I received this last week before the Super Bowl but am just now getting around to posting it.
The IRS Knows What Happens [...]
A Preview of the 2008 Federal Income Tax Brackets
Wednesday, September 26th, 2007Here’s a look at the expected Federal Income Tax brackets for 2008. The official brackets from the IRS won’t be available until later this year. I found these numbers in an article in today’s Wall Street Journal, which has the following three individuals listed as the source for their information:
William Massey, RIA tax [...]
Taking an Early Withdrawal From 401(k) - Does it Make Sense?
Thursday, May 17th, 2007Here’s an email I received from a reader:
I’ve been a passive reader of your blogs for quite sometime and i’ve a learnt a lot about finance.
I am Indian student in F1 visa status. I recently got a job and I plan to work for around 5 yrs in H1B status before I go back to [...]
Get Free Tax Advice Over at IWillTeachYouToBeRich
Thursday, March 15th, 2007I received an email from Ramit over at I Will Teach You to be Rich informing me that he has a CPA friend who has agreed to answer tax-related questions for free. Just click on the link and follow the directions. I’m sure the CPA won’t be able to answer EVERY question, but [...]
Think You Might Be Subject to the AMT?
Saturday, March 3rd, 2007Find out for sure by using the IRS 2006 AMT Assistant. I used it and it works great and is very easy to use.
Here’s some other interesting articles I found regarding the AMT:
Tax Timing - Want to avoid the AMT? Make sure you time your financial decisions right [MarketWatch]
Guide to the AMT [Fairmark]
The [...]
God Bless Tax Cut!
Thursday, March 1st, 2007I have been using Tax Cut for several years now and I have to say it is great. I haven’t had any problems with it whatsoever.
No, it’s not for everyone. If your taxes are more complicated, you may want to skip the software programs and go straight to a CPA. Our taxes [...]
A Little Self-Discipline Can Save You Some Money
Tuesday, February 6th, 2007Lots of people like to get tax refunds each year. There’s something pleasant about receiving a nice lump sum all at once. I liken tax refunds to parents taking their kid’s money from them and giving it back later without interest. That’s exactly what the IRS is doing when you get a [...]
Direct Deposit Your Tax Refund in up to Three Different Accounts
Tuesday, February 6th, 2007Here’s something new for this year. For the first time, the IRS will allow filers to have their income tax refund direct deposited in up to three different accounts. This is great for people who don’t want to touch their refund. If you’re anything like me, money sitting in a bank account [...]
Check Out The Tax Carnival No. 10!
Monday, January 22nd, 2007UPDATE: I made a mistake. The actual Tax Carnival is at WANDERING TAX PRO. Sorry for the confusion.
I know taxes aren’t the most exciting topic in the world but if you get a chance, you might want to check out the 10th edition of the Tax Carnival over at Wandering Tax Pro. [...]
How to Deduct Your Cell Phone
Sunday, January 14th, 2007I posted a list of the 5o of the Most of the Most Easily Overlooked Tax Deductions back in November. The deduction for cell phones received a lot of attention. So, here’s what I found out about this particular deduction (NOTE: I am NOT a tax expert. I’m just sharing information [...]
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